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Car market quiet during holiday
16/2/2005 16:38

Wendy Zhang/Shanghai Daily news

The rainy weather during the weeklong Spring Festival holiday cooled down the car market in Shanghai, but a sales peak is expected to arrive by April, today's Youth Post reported.
Different from the weeklong May Day and National Day holiday, more locals prefer to visit relatives and friends during the Spring Festival holiday. Therefore, many car dealers even close door for the first three days of the holiday. "No clients come to my shop until the fifth day of the lunar new year, with most just watching rather than taking out money," said a dealer. The rainy weather has made the car market more sluggish this year, he added.
As car buyers can't get license plates or even the cars during the holiday, many prospective buyers are opting to purchase after March, said an industry analyst.
Boosted by the Labor Day holiday, the local car market is expected to rebound by April, the analyst predicted, adding that local dealers are likely to offer some preferential policies to attract car buyers by the end of this quarter or early next quarter.